Daily News Inventory - 2nd Sep, 2014

  • Japan to invest Rs. 2.1 lakh crore in Indian projects over 5 years

    ·         Japan pledged to invest Rs. 2.1 lakh crore ($35.5 billion) in a wide spectrum of projects in India over five years. These include infrastructure, clean energy and skill development.

    ·         Announcing the Japan-India Investment Promotion Partnership both leaders were upbeat about their future relationship.

    ·         The Japanese PM also expressed Japan’s readiness to provide financial, technical and operational support to introduce the Shinkansen, or bullet train, along the Ahmedabad-Mumbai route.

    ·         The two countries decided to collaborate on energy cooperation in the procurement of:-

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Daily News Inventory - 1st Sep, 2014

  • Putin moots ‘statehood’ for east Ukraine

    ·         Russian President Vladimir Putin called for immediate talks on the future of war-torn east Ukraine, saying for the first time that statehood should be discussed.

    ·         We need to immediately begin substantive talks on questions of the political organisation of society and statehood in southeastern Ukraine with the goal of protecting the lawful interests of the people who live there,” Putin was quoted as saying by Russian news agencies.

    ·         Putin’s spokesman Dmitry Peskov later said it was an absolutely incorrect interpretation to understand Mr. Putin as calling for the region’s independence to be put on the agenda, and that he had only called for “inclusive talks” between Kiev and the separatists.

    ·         “Only Ukraine can reach an agreement with Novorossiya and take into account the interests of Novorossiya’s population,” Mr. Peskov was quoted as saying.

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CSAT Paper II 2014 Answer Key

UPSC Exam 2014 Question Paper

GS Paper 1 Answer Key Prelims 2014

4:35 a.m. – Why am I awake?

  • Is something wrong with me? I should not be awake at this hour. The rest of the world is fast asleep. But then that’s the point I am trying to prove here – I am not like the rest of the world. For as long as I can remember, the dream had been running ahead of me. This time I have taken the lead. I am one step ahead of the dream and I will keep pressing ahead. Oh I am so done with sleeping. I am done with dreaming. I am done with watching the show with my nose pressed against the glass. I am now swinging the door open and stepping inside the arena. It has begun – the countdown to MY show. I am counting months, weeks, days, hours…and I will make them count soon.

    (A page from the diary of the TestCracker of tomorrow)

    © TestCracker 2013

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Quote of the Day

  • "Don't think about who you have been.  Who are you now?  Who have you decided to become? Make this decision consciously.  Make it carefully. Make it powerfully..." 

                                                                                                     ~ Anthony Robbinsr

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Quant & Puzzle Inventory - 46

The Burning Issue: In a spot: NSEL Saga

  • It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 Crore Rs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.

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